Switzerland: An Entrepreneur-Friendly Country?
It’s no secret that there are plenty of places around the world where setting up a business is a good idea. But if you want to set up a European company, why is it that many people tell you Switzerland is the best place to be?
The answer is simple: it’s an entrepreneur’s dream come true! Some parts of the world are still recovering from the last decade’s global economic crisis. Switzerland is a country that has no money worries. And that is one of the main reasons savvy investors set up shop in the country.
Of course, that alone isn’t the sole reason entrepreneurs set up businesses in the European nation. Keep reading to learn more about what Switzerland has to offer domestic and foreign business people!
Some other European countries (like the UK) don’t have a proper work-life balance. That means they often spend their time working long hours for little reward. They also miss out on spending quality time with their families and loved ones.
In comparison, Switzerland offers an excellent work-life balance. People don’t usually work long hours in the country. And there is even a law which prohibits people from working more than 45 to 50 hours per week!
Working hours are often split into morning and afternoon times for many businesses. That gives workers the freedom to attend to personal errands during the working week.
Setting up a business
The fundamental steps for setting up a business in Switzerland are quite like most other countries. You decide on a legal entity, follow business setup and trading laws, and start making some money!
There are three choices for people that wish to do business. The first is to become self-employed. If you want to become incorporated, you can set up a corporation (“AG”) or limited liability company (“GmbH”). The latter is akin to the UK’s “Ltd.” companies.
If you want to set up a company, it’s easier to use a Swiss registration company to help you with this task. They will make sure you don’t fall afoul of any local laws.
I should also mention that low taxes and high exports are some of the other reasons why doing business in Switzerland is a good idea!
One interesting point about Switzerland is that there is little in the way of language barriers in the country! If you speak English, French, German, or Italian, you will have no issue communicating with others.
There are plenty of international corporations in Switzerland. For that reason, there is also a large expat community there. Still, if you want to integrate better into the country, learning “Swiss” German is the way to go.
Is your native language English? If so, German is usually one of the easier languages to learn. You might not know this, but English is a Germanic language in itself! Of course, there are subtle differences between the two languages.
I’d recommend doing a basic starter lesson in German to see just how quickly you can pick up the lingo!
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